Among other proposals, the European Commission is invited to review PRIIPs rules as soon as possible, and in sufficient time to avoid a conflict with the expiry of the exemption for UCITS.
Six European financial associations argued in a letter to the European Commission that harmonised ESG data would enable better comparability for investors, increase transparency, lower barriers and costs and reduce complexity.
Clear and unambiguous regulations lack on the matter of non-financial reporting, said AFM.
Terming the proportion of customers being advised to transfer out of their DB pension as “unacceptably high”, the Financial Conduct Authority (FCA) has banned contingent charging.
The EU securities markets regulator found failures in the systematic application of the German firm's 2015 covered bonds methodology (CBM) and its revision.
The new measures deal mainly with retail clients who are potentially the most exposed to crisis-related restrictions on access to financial services
Efama underlines the importance of bolstering investor protection rules as well as capital markets and infrastructure stipulations in the European Commission’s MiFID II/ MIFIR review.